Mission Market receives small-business loan
Orange County Register spotlights Mission Market and improving small-business loan market
Fullerton, CA July 23. Roland Foss, owner of Mission Market in downtown Fullerton, knows he is lucky to have received a small-business startup loan. After calling dozens of banks and credit unions, Foss received a friendly reception at Credit Union of Southern California. He eventually received a $154,000 loan to pay for site improvements, equipment, fixtures, and inventory. Richard Clough, in “Small-business lending picks up” in the July 23, 2013 Orange County Register, writes that business lending is picking up in Orange County, increasing 14% in the last three months. He spotlights Mission Market and Western States Envelope Corp. as two small businesses that are benefitting by the more accommodating lending environment. These businesses also are benefitting the community. Mission Market, for example, has hired six workers, mostly students of nearby colleges.
While the lending environment is improving, startup loans for new entrepreneurs are still very hard to get. Foss was reminded of this while addressing the Orange County chapter of SCORE on Wednesday, July 17. A mentoring group of retired executives who partner with the SBA, SCORE provided invaluable advice to Foss as he was planning his business. Foss asked the 80 mentors in attendance if there was anything unusual about receiving a loan. There were numerous guffaws, several hands shooting in the air, and almost universal acclamation: “Yes!” Despite the odds, Foss thinks he knows why he received a loan for Mission Market: “We are clearly creating value in Fullerton. To the extent that local credit unions and the SBA exist to strengthen local communities, our business perfectly fits their missions.” Mission Market certainly intends to serve downtown Fullerton residents, workers and students for a long time to come.
About Mission Market
Mission Market is a convenience market in downtown Fullerton that opened May 2013. Locally owned and operated, Mission Market offers the best selection of grab ʻn go foods in downtown Fullerton, along with many other convenience and grocery products. In contrast to other convenience stores, where you shop because you have to, Mission Market’s pleasant environment will make you want to shop here. And with our convenient hours and location, weʼre always Open Just for You.